President Nana Addo Dankwa Akufo-Addo has sanctioned some major reliefs as part of efforts to recover the Ghanaian economy and set it back to its pre-COVID-19 levels.
The reliefs include the opening of the country’s land borders, easing of general COVID-19 restrictions and measures to arrest currency depreciation.
The reliefs were sanctioned at a crunch three-day cabinet retreat that took place over the weekend at Peduase in the Eastern Region where the President and his cabinet ministers reviewed data on the effects of the COVID-19 on all sectors of the Ghanaian economy and in extension the economic blowbacks resulting from the conflict.
Part of these reliefs include measures to tackle the rising fuel prices occasioned by the global economic turmoil brought on by the ongoing Russia-Ukraine conflict and measures to address the persistent rise in prices of goods and services.
Minister for Information, Kojo Oppong Nkrumah in a tweet last Thursday disclosed that the essence of the retreat is to enable government proffer solutions to ease the burden on Ghanaians.
“In the coming days, details will be announced including when and how borders will be opened, the removal of some testing protocols, shoring up the currency and further cutting expenditures while assuring growth,” the Minister told pressmen on the sides of the retreat.
It is expected that the President, Finance Minister Ken Ofori-Atta and other sector ministers as well as the Bank of Ghana in the coming days will provide details on the reliefs and which sectors.
The reliefs are also expected to answer questions being posed by economic watchers on how the Government of Ghana will respond to the current global economic challenges.